What 7 Analyst Ratings Have To Say About Cadence Design Sys
Portfolio Pulse from Benzinga Insights
Over the past three months, 7 analysts have evaluated Cadence Design Systems (NASDAQ:CDNS), with a mix of bullish and somewhat bullish ratings. The average 12-month price target has increased to $334.57. Despite a recent revenue decline, Cadence maintains strong financial metrics such as net margin, ROE, and ROA.
July 23, 2024 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Cadence Design Systems (NASDAQ:CDNS) has received mixed but generally positive analyst ratings over the past three months. The average 12-month price target has increased to $334.57, reflecting a 1.78% rise. Despite a recent revenue decline, the company maintains strong financial metrics such as net margin, ROE, and ROA.
The increase in the average price target and the generally positive analyst ratings suggest a bullish sentiment towards CDNS. Despite a recent revenue decline, the company's strong financial metrics like net margin, ROE, and ROA indicate robust financial health, likely supporting short-term price appreciation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100